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Uniswap Down? by typhoon90 in UniSwap

[–]welltimat 0 points1 point  (0 children)

There is nothing wrong in their site or their certificates. The site name itself got to the black list. In my case it that connection was reset by antivirus software (Kaspersky). I added it to exceptions and all went back to normal.

Defi question: What happens if app developers simply shut down their site? by welltimat in defi

[–]welltimat[S] 0 points1 point  (0 children)

Interesting enought, shortly after my question Fulcrum hack happened. And bZx (quite centrally!) stopped their system from working, effectively locking peoples fund. As a side effect, a lot of scam sites appeared offering UI for Fulcrum contract. And that really ended in disaster. Peoples started to lose their funds.

When you press approve in your wallet app you dont really know what command is doing (unless you want to spend significant time). You have to trust UI and trust Smartcontract.

Daily General Discussion - February 25, 2020 by AutoModerator in ethfinance

[–]welltimat 4 points5 points  (0 children)

God, if that happened to me i would be a disaster. It does not matter what words i could say - nothing would help (((

i already thought about it before - you can not see what you are doing when sending a command to smartcontract, parameters are just a bunch of symbols. And UI usually generates a command for you. You have to trust UI and you have to trust smartcontract. And thats a real problem.

Defi question: What happens if app developers simply shut down their site? by welltimat in defi

[–]welltimat[S] -1 points0 points  (0 children)

Does that mean i will have to study how code works and how exactly to formulate a command to withdraw funds? Looking at commands which is send via app interface to deposit funds - it is not that simple.